By Laszlo Andor
Among state socialist countries, Hungary distinguished itself from the 1960s by introducing comprehensive economic reforms. These reforms, together with the so-called Prague Spring of Czechoslovakia, were typically interpreted as attempts to establish "socialism with a human face". A major feature of this new face was that the New Economic Mechanism[1] abandoned the Stalinist bias for forced accumulation and heavy industry, and improved the conditions of consumption and agriculture.